Playtika Holding Corp. (NASDAQ:PLTK) Short Interest Update

Playtika Holding Corp. (NASDAQ:PLTK) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,150,000 shares, a growth of 16.8% from the February 13th total of 4,410,000 shares. Currently, 7.6% of the company’s stock are sold short. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is currently 4.8 days.

Playtika Price Performance

PLTK traded down $0.03 during trading hours on Wednesday, hitting $4.56. 1,688,691 shares of the stock were exchanged, compared to its average volume of 894,637. Playtika has a 12 month low of $4.55 and a 12 month high of $9.16. The stock has a 50-day simple moving average of $6.54 and a 200-day simple moving average of $7.34. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Friday, March 21st. Playtika’s dividend payout ratio is presently 90.91%.

Hedge Funds Weigh In On Playtika

A number of large investors have recently bought and sold shares of PLTK. Allspring Global Investments Holdings LLC boosted its position in Playtika by 23,814.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock valued at $4,592,000 after purchasing an additional 663,700 shares during the period. State Street Corp boosted its holdings in shares of Playtika by 12.9% during the third quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after acquiring an additional 150,878 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Playtika by 14.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after acquiring an additional 142,112 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Playtika by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock worth $635,000 after acquiring an additional 40,604 shares during the period. Finally, SG Americas Securities LLC lifted its position in Playtika by 76.2% in the 4th quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock valued at $1,215,000 after purchasing an additional 75,702 shares during the last quarter. Institutional investors own 11.94% of the company’s stock.

Analyst Ratings Changes

PLTK has been the topic of a number of recent research reports. Robert W. Baird reissued a “neutral” rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Macquarie reduced their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Finally, Citigroup lowered their price objective on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.32.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.